Topic: Germany Selling of 49,858 BTC Cost them Huge Profits - page 2. (Read 351 times)
Well, it is true that they could have earn more money if they have waited longer but we can't predict that it will reach 90k since during that time the price doesn't move much when it was around 50k. Anyway, if they have bought it at 50k and sold it higher than the price they bought then they will earn a little profit but since it is not bought by them so no matter what price they are going to sell the btc is that it's still a profit for them since it is a seized btc and not bought by them.
Timing peak and exiting at the right moment is not possible for everyone but at least they could have given it a second opinion Although I am no one to judge their decision, it's their loss 
But they could have made more profit don't get what's the hurry to sell them.
But they could have made more profit don't get what's the hurry to sell them. It is not their loss but their profit, they did not lose selling at that price because they did not use their money to buy the Bitcoin. It was like an airdrop to them although they seized the Bitcoin. When someone received an Airdrop and decide to sell, if they sold before the Airdrop got higher, will you say they lost, no. We can only say they did not get the most profit because they sold early. The German government are not interested in Bitcoin. They have other things that they do for profit and Bitcoin is just small for them. We are just the ones happy about the profit from Bitcoin because we do not have the type of money that the government have. The German government can print money anytime they want therefore they are not interested in the profit we think, they would have gotten.
German's Bitcoin decision however, as far as I know, was not all about profitability. German law requires seized assets in criminal cases to be sold to prevent heavy losses from market fluctuation, like what happened with Movie2K. At the time of their sale, Bitcoin was already up from $43k to $53k, raking in $2.86 billion, a good return on paper given the risk of holding a highly volatile asset.
What you said is true and I also read about this news at that time. After the German government sold all bitcoins and caused panic in the market, they also spoke up about the reason for selling bitcoins and that they were only complying with the laws and constitution of the German government. They have no intention of panicking the market nor do they intend to speculate to profit from the confiscated bitcoins because German law does not allow that.
Also, let's say they are a bitcoin investor and there is nothing wrong with them selling their bitcoins at that price as long as that is their goal and they are happy with that profit. Every investor has their own goals , just because they sell early and make little profit doesn't mean we are better than them .
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Also, Germany sold all of the bitcoins at once, in one go. If they had sold it in parts, spreading it out over several months, in portions, the profit would have been higher (given the current conditions).
Also, Germany sold all of the bitcoins at once, in one go. If they had sold it in parts, spreading it out over several months, in portions, the profit would have been higher (given the current conditions).
It is not true that they sold everything at once, because they even bought back, so to speak, they played a little before they sold everything. That work was done for them by a company, @Stompix posted a link on the ATT forum
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In a surprising reversal, the German government, known for the recent large-scale Bitcoin sell-offs, has just bought back a significant amount of the BTC. Data from Arkham Intelligence reveals a purchase of 1,915 BTC, worth $111.5 million, from major exchanges Kraken, Bitstamp, and Coinbase.
I know the news is very old about Germany selling 50k BTC, and this forum was full of such news, as most of us were in confusion about why they planned to sell these BTC when they could sell them at peak. So now we have seen BTC setting an ATH of $93,477, and Germany sold around 49,858 BTC at an average price of $53k. So they made a total of 2,642,454,000 USD back in July or August. If they had waited 2 to 3 months more, they would have been making $1.84 billion USD extra in profit if sold at $90k.
Timing peak and exiting at the right moment is not possible for everyone but at least they could have given it a second opinion Although I am no one to judge their decision, it's their loss But they could have made more profit don't get what's the hurry to sell them.
Timing peak and exiting at the right moment is not possible for everyone but at least they could have given it a second opinion Although I am no one to judge their decision, it's their loss
But they could have made more profit don't get what's the hurry to sell them. Maybe we should even appreciate them for releasing more Bitcoin into the market for others who were ready to buy and hold. It is very true that pick pointing the exact time to exit the market can be very difficult, but selling a large amount for whatever reason, thinking that the market will crumble or something, puts them on the losing side. Oh, they made some profits, but that was for a while untill Bitcoin almost doubled up from the initial amount they used in selling.
I just wonder what is currently going through the minds of those that supported the motion that the government should sell those amount. This should probably go down in History, as the German government won't forget this in a hurry. Such a big loss in a space of 3-4 months.
I know the news is very old about Germany selling 50k BTC, and this forum was full of such news, as most of us were in confusion about why they planned to sell these BTC when they could sell them at peak. So now we have seen BTC setting an ATH of $93,477, and Germany sold around 49,858 BTC at an average price of $53k. So they made a total of 2,642,454,000 USD back in July or August. If they had waited 2 to 3 months more, they would have been making $1.84 billion USD extra in profit if sold at $90k.
Timing peak and exiting at the right moment is not possible for everyone but at least they could have given it a second opinion Although I am no one to judge their decision, it's their loss But they could have made more profit don't get what's the hurry to sell them.
Timing peak and exiting at the right moment is not possible for everyone but at least they could have given it a second opinion Although I am no one to judge their decision, it's their loss
But they could have made more profit don't get what's the hurry to sell them. Well current movement prove something that if they could just wait for certain good times to happen then provably that they can earn even a lot more. For seeing that thing it just show that the person who handle those matter is just a novice.
They don't know how they deal with bitcoin that's why at this moment they totally lose a potential huge profit which is somehow helpful on their country.
But guess again they would said that profit is profit for them. So maybe better luck next time if they want to enter the scene. Bitcoin is heading up again and it seems we could able to see the 6 digits figures which people right now look forward to happen.
I know the news is very old about Germany selling 50k BTC, and this forum was full of such news, as most of us were in confusion about why they planned to sell these BTC when they could sell them at peak. So now we have seen BTC setting an ATH of $93,477, and Germany sold around 49,858 BTC at an average price of $53k. So they made a total of 2,642,454,000 USD back in July or August. If they had waited 2 to 3 months more, they would have been making $1.84 billion USD extra in profit if sold at $90k.
In short, Germany could have made x2 profit if it had held its bitcoins for another 2-3 months, right? And if it had held for 6 months, it would have made x3 profit (if bitcoin had reached $150K by that time). And if 6 years, then x10? 60 years - x100? In general, it is known for certain that Germany was hasty with its actions and in the long run, these 49,858 BTC would have brought much more profit than selling them in August. The simplest confirmation is the current price.Timing peak and exiting at the right moment is not possible for everyone but at least they could have given it a second opinion Although I am no one to judge their decision, it's their loss But they could have made more profit don't get what's the hurry to sell them.
Because they "don't believe" in this crypto asset. That's the whole point. But they could have made more profit don't get what's the hurry to sell them. Also, Germany sold all of the bitcoins at once, in one go. If they had sold it in parts, spreading it out over several months, in portions, the profit would have been higher (given the current conditions).
No need to be upset about their lost profits, Germany still made a good profit without spending anything (bitcoin were not bought with the state budget, but were seized and confiscated. So, these are free bitcoins).
German's Bitcoin decision however, as far as I know, was not all about profitability. German law requires seized assets in criminal cases to be sold to prevent heavy losses from market fluctuation, like what happened with Movie2K. At the time of their sale, Bitcoin was already up from $43k to $53k, raking in $2.86 billion, a good return on paper given the risk of holding a highly volatile asset.
Timing the market is always tricky, but with Bitcoin's wild swings, it's a little like trying to time a roulette spin. Even less often do institutional investors sell at the very peak. Holding out for better prices also wasn't a straightforward option considering legal and procedural prerequisites surrounding such a sale. This lesson here is less about "missing out" and more about understanding trade offs involved with large, volatile holdings.
Timing the market is always tricky, but with Bitcoin's wild swings, it's a little like trying to time a roulette spin. Even less often do institutional investors sell at the very peak. Holding out for better prices also wasn't a straightforward option considering legal and procedural prerequisites surrounding such a sale. This lesson here is less about "missing out" and more about understanding trade offs involved with large, volatile holdings.
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They probably didn’t see this moment coming <...>
Of course not, as no politician with power in the EU, as they are more concerned with implementing CBDCs. The only thing they think about cryptocurrencies is how to control and tax them. Now if, as it looks like it is going to happen, the USA implements a strategic reserve, they will have to think about copying them, as is often the case. The whole issue of innovation in terms of cryptocurrency and AI companies is going to be done in the USA, as happened with the big internet companies (Apple, Microsoft, Amazon, Google, Tesla, Facebook and Nvidia).
Its still pocket change to them, and look at the United States they are printing 10 Billion dollars per day.
It wasn't their Bitcoins to begin with, as they just seized it. It's not like they bought it at some point using the Government money and then sold off later for profits. Your post would make sense if the latter was the case.
How do you say lettuce hands in German?
When they were selling at $53K I was buying heavily at that very same time so thanks Germany for the cheap sats!
When they were selling at $53K I was buying heavily at that very same time so thanks Germany for the cheap sats!
I know the news is very old about Germany selling 50k BTC, and this forum was full of such news, as most of us were in confusion about why they planned to sell these BTC when they could sell them at peak. So now we have seen BTC setting an ATH of $93,477, and Germany sold around 49,858 BTC at an average price of $53k. So they made a total of 2,642,454,000 USD back in July or August. If they had waited 2 to 3 months more, they would have been making $1.84 billion USD extra in profit if sold at $90k.
What's done is done and they have probably something for it already planned on how they're going to spend that funding their own projects.Timing peak and exiting at the right moment is not possible for everyone but at least they could have given it a second opinion Although I am no one to judge their decision, it's their loss But they could have made more profit don't get what's the hurry to sell them.
Although they're on profit and just like us, we have regret if we calculate how much profit should be in us if we do sell at the right time. It's true that they have missed additional profits if they have waited any longer. But they could have made more profit don't get what's the hurry to sell them. But that's them, it's not a mistake on their end when they have made billions of dollars already with that sale they've made.
-snip-
Although I am no one to judge their decision, it's their loss But they could have made more profit don't get what's the hurry to sell them.
Although I am no one to judge their decision, it's their loss
But they could have made more profit don't get what's the hurry to sell them. They would have been able to make a profit if they had sold at any price, because they had never invested in the Bitcoin in the first place, it was confiscated and sooner or later they would have sold it anyway, so there was no loss in this - and also no one knew that in a few months the price of Bitcoin would be like it is now, so it was not their fault and I am sure they would not regret it either.
Still better than someone that sold 10k Bitcoin for a slice of pizza. 
I think they made their own choice and you know, there could be 1000 more reason why they sold. It's a government wallet and not an individual that will say they can make their own decision, it possible there was too much pressure and who ever is responsible for the private key can't say know if the political chamber directed them to sell. They didn't bought those Bitcoin, it was seized, so they know nothing about the pain of buying and holding.
I think they made their own choice and you know, there could be 1000 more reason why they sold. It's a government wallet and not an individual that will say they can make their own decision, it possible there was too much pressure and who ever is responsible for the private key can't say know if the political chamber directed them to sell. They didn't bought those Bitcoin, it was seized, so they know nothing about the pain of buying and holding.In as much as Laszlo might actually be regretting buying the most expensive Pizza in the world I think he should be celebrated for kick starting what was to be a monetary revolution. For the German liquidation of the bitcoin I don’t under stand why people still question this because to me it was something clear, this was a confiscated asset and they are not allowed to hold them for long if I am correct and selling off was the right thing, this is even expensive compared to assets been auctioned.
Had it been the wallet is an individual wallet, such person cannot be so ignorance of holding, they have sold and it's now a good bye. As a government, they can genere 10x of that amount in days I think, let's focus on our own and hopefully we don't dump back to where we think they sold off or even lower because there are good days and there is also bad days in Bitcoin, dint forget that.
I read a lot of threads about investors having to hold for particular time whenever the Market is pumping like right now but people just fail to understand that the hardest part of investing is holding and to me I am never against selling at ones will except you’re selling at a loss. A profit taking is better than unrealized profits no matter the price difference. It is not a must to have diamond hand when you can actually save yourself some financial troubles
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If they had waited 2 to 3 months more, they would have been making $1.84 billion USD extra in profit if sold at $90k.
If they had waited 2 to 3 months more, they would have been making $1.84 billion USD extra in profit if sold at $90k.
People are still spinning the same story that Germany sold some Bitcoins, when in fact it was about the fact that these BTCs legally belonged to one of their provinces (Saxony) considering that they were confiscated in their territory. As far as I know, there wasn't much of a choice about whether to keep them or sell them, because by law they had to do so.
It may seem to you that $1 or $2 billion is a lot, but Germany's budget for 2024 is approximately EUR 445 billion - it's not like waiting would help them much financially.
Timing peak and exiting at the right moment is not possible for everyone but at least they could have given it a second opinion Although I am no one to judge their decision, it's their loss But they could have made more profit don't get what's the hurry to sell them.
But they could have made more profit don't get what's the hurry to sell them. Still better than someone that sold 10k Bitcoin for a slice of pizza.
I think they made their own choice and you know, there could be 1000 more reason why they sold. It's a government wallet and not an individual that will say they can make their own decision, it possible there was too much pressure and who ever is responsible for the private key can't say know if the political chamber directed them to sell. They didn't bought those Bitcoin, it was seized, so they know nothing about the pain of buying and holding.Had it been the wallet is an individual wallet, such person cannot be so ignorance of holding, they have sold and it's now a good bye. As a government, they can genere 10x of that amount in days I think, let's focus on our own and hopefully we don't dump back to where we think they sold off or even lower because there are good days and there is also bad days in Bitcoin, dint forget that.
I know the news is very old about Germany selling 50k BTC, and this forum was full of such news, as most of us were in confusion about why they planned to sell these BTC when they could sell them at peak. So now we have seen BTC setting an ATH of $93,477, and Germany sold around 49,858 BTC at an average price of $53k. So they made a total of 2,642,454,000 USD back in July or August. If they had waited 2 to 3 months more, they would have been making $1.84 billion USD extra in profit if sold at $90k.
Germany as a country is among the top 10 richest countries with large economies. They should be on the level of 3rd-4th place as of the 2023 record. Do you think this amount is what they really care about?
On the other hand, those seized bitcoins that were sold out were not federal seized funds; it was a small state inside Germany, "Saxony," that sold out their holdings, which were captured through the seizure process. They don't really care about the profit, like I stated here in my local board.
So considering your bolded line, do you think the USA wants to make a profit as they are not selling the seized BTC yet, although they have plans to sell BTC seized from Silk Road?
These things are decisions that are taken over time. There's a lot of deliberations. I read somewhere that some victims of the Silk Road hack will receive remunerated. I also read that the family will be able to keep proceeds that were gotten legally. My point is, it's not always black and white. From the outside, we can't know why the German government sold when they sold, but like I said it's a decision that has been properly deliberated and the dates have been predetermined. The same with the US. We can't know why they haven't sold off the bitcoin they got from seizures but I doubt profit is what they primarily look for.
I know the news is very old about Germany selling 50k BTC, and this forum was full of such news, as most of us were in confusion about why they planned to sell these BTC when they could sell them at peak. So now we have seen BTC setting an ATH of $93,477, and Germany sold around 49,858 BTC at an average price of $53k. So they made a total of 2,642,454,000 USD back in July or August. If they had waited 2 to 3 months more, they would have been making $1.84 billion USD extra in profit if sold at $90k.
Timing peak and exiting at the right moment is not possible for everyone but at least they could have given it a second opinion Although I am no one to judge their decision, it's their loss But they could have made more profit don't get what's the hurry to sell them.
Like you said earlier, that you are no one to judge their decision, that is actually right. Even as we want to HODL bitcoin for long doesn't mean we will HODl for dear life. Each of us has our target, our selling point may not be profitable as we thought but do you also know that bitcoin ATH now is not the highest ATH that will ever exist? Definitely there will be ATH upon ATH continuously 100years from now. If we keep thinking about that, we would not be able to sell our HODLings because new ATH is endless. What if bitcoin hit $200k now, you will also regret selling at $93k and when bitcoin hit $500k, people who sold @$200k will also regret. So sometimes there is no need to regret if the owner of bitcoin decided to sell in his final stage. It could be that Germany bought there bitcoin when it was way cheaper than now, so it's up to them since it's a collective idea and a public bitcoin reserve, opinion would have arise to selling it compeard to a single entity. Timing peak and exiting at the right moment is not possible for everyone but at least they could have given it a second opinion Although I am no one to judge their decision, it's their loss
But they could have made more profit don't get what's the hurry to sell them. Jump to: